# corporate news
Latest news group about corporate news.
Blue Bird Sees 20% Surge in Net Profit to Rp 442 Billlion as Taxi Services Thrive
Taxi operator Blue Bird (IDX: BIRD) reported a revenue of Rp 3.66 trillion for the third quarter of 2024,Business Nov 1, 2024 | 8:59 pm
Astra Achieves Solid Q3 Profits as Mining and Financial Services Offset Car Sales Decline
Astra International posted a net profit of Rp 10 trillion for Q3 2024, a 21% YoY increase, fueled by strong mining and financial services.Business Oct 31, 2024 | 3:49 pm
Pantai Indah Kapuk Dua Reports 91% Profit Surge in First Nine Months of 2024
Pantai Indah Kapuk Dua (PANI) reported a Rp 486.6 billion ($31 million) profit for the first nine months of 2024, up 91.1% from 2023.Business Oct 30, 2024 | 4:38 pm
Court Approves Tupperware Sale to Lenders, Clearing Path for Brand’s Exit from Bankruptcy
Indonesia was Tupperware's largest market in 2013, with sales reaching $200 million, primarily supported by housewives seeking extra income.Business Oct 30, 2024 | 12:18 pm
BNI’s Profit Rises to Rp 16.3 Trillion in Q3
BNI posted Q3 net profit of Rp 16.3T ($1.04B), up 3.5% YoY, driven by retail deposits and loan growth.Business Oct 25, 2024 | 9:48 pm
Government Backs Sritex as Textile Giant Fights Bankruptcy
The Semarang Commercial Court declared the company bankrupt on Oct. 21, 2024.Business Oct 25, 2024 | 6:02 pm
BCA Reports Rp 41.1 Trillion Net Profit in Q3 2024, Up 12.8% Year-on-Year
Bank Central Asia (BBCA), Indonesia's largest bank by market cap, posted a net profit of Rp 41.1 trillion ($2.64 billion) in Q3 2024Business Oct 24, 2024 | 12:01 pm
Gudang Garam Injects Rp 300 Billion to Support Dhoho International Airport Operations
Gudang Garam (GGRM) has invested Rp 300 billion ($19.26 million) into its subsidiary, airport operator Surya Dhoho Investama (SDHI).Business Oct 24, 2024 | 11:44 am
Unilever Shares Plunge Amid Revenue Decline and Boycott Impact
Unilever Indonesia shares plunged 6% after weak Q3 results, driven by unstable pricing and a boycott linked to the Palestine-Israel conflictBusiness Oct 24, 2024 | 10:02 am
Cinema XXI’s Ticket Sales Drive 12% Revenue Increase in Third Quarter
As of Sept. 30, Cinema XXI reported a total audience of 66.1 million, an increase of 11.8 percent from the same period last yearBusiness Oct 23, 2024 | 1:25 pm
Weak Sales and Staffing Issues Hit Starbucks During Pumpkin Spice Launch
Starbucks reported a 3 percent decline in revenue to $9.1 billion for the July-September quarter.Business Oct 23, 2024 | 12:06 pm
United Tractors Expands Renewable Energy Portfolio with $80.58 Million Geothermal Acquisition
United Tractors has finalized its acquisition of geothermal company Supreme Energy Rantau Dedap for $80.58 millionBusiness Oct 18, 2024 | 8:37 pm
Freeport Smelter Fire: Investigation and Impact Assessment Underway
Freeport Indonesia is still assessing the extent of the damage and the main cause of the fire at the company's smelter.Business Oct 16, 2024 | 11:49 am
Fire Erupts at Freeport Indonesia's Smelter, No Casualties Reported
A fire broke out at Freeport Indonesia's smelter factory in East Java, accompanied by reports of two loud explosions.Business Oct 14, 2024 | 9:34 pm
Chandra Asri Group Aims for 9% Water Reduction and 31.89% Emission Cut by 2030
Chandra Asri Group is targeting a 9% reduction in water usage and a 31.89% decrease in emissions by 2030.Special Updates Oct 10, 2024 | 6:26 pm
Antam Acquires 30 Pct Stake in Tsingshan Group's Nickel Smelter for $102.5 Million
Antam, via Gag Nikel (PTGN), acquired a 30 percent stake in Tsingshan Group's Newton International Investment for $102.5 millionBusiness Oct 7, 2024 | 9:13 pm
OJK Opens Doors for Investment Managers to Establish Pension Funds
The Financial Services Authority (OJK) will soon allow investment managers to operate financial institution pension funds (DPLK.Business Oct 4, 2024 | 10:51 pm
Lion Air Founder Rusdi Kirana Retires from Business to Focus on Parliament Role
Rusdi revealed that he has passed the management of his businesses to his children.Business Oct 3, 2024 | 6:56 pm
Verona Indah Pictures Aims to Raise Over Rp 218 Billion in IPO
Verona Indah Pictures set the IPO price at Rp 195 per share, valuing the entire offering at approximately Rp 218.72 billionBusiness Oct 1, 2024 | 2:06 pm
Royke Tumilaar: Fed’s Rate Cut Supports BNI’s Growth Strategy
BNI EO Royke Tumilaar said the recent FFR cut will support the bank’s efforts to drive economic growth in Indonesia.Business Sep 30, 2024 | 9:42 pm
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